https://www.taxtmi.com/caselaws?id=251868 The High Court dismissed the tax case appeals regarding the treatment of software expenditure for the assessment year 2002-03. The Court held that software expenses should be treated as revenue expenditure, as they enhance productivity and efficiency without resulting in the acquisition of a capital asset. The decision was based on a previous ruling that established software packages as revenue expenses, not capital assets. Consequently, the appeals were dismissed, and related petitions were closed. en-us Wed, 17 Sep 2014 00:00:00 +0530 Wed, 01 Oct 2014 06:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251868 The High Court dismissed the tax case appeals regarding the treatment of software expenditure for the assessment year 2002-03. The Court held that software expenses should be treated as revenue expenditure, as they enhance productivity and efficiency without resulting in the acquisition of a capital asset. The decision was based on a previous ruling that established software packages as revenue expenses, not capital assets. Consequently, the appeals were dismissed, and related petitions were closed. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251868